(LINKEDIN) CryptoKitty Gas Problem

Is an Overall Achievement Unlocked for Ethereum

2017-12-09

Category: Innovation

These digital cats are attracting tens of thousands of transactions at an average USD amount of $109. The creators of CryptoKitties understand their craft so well that they have actually facilitated six figure cat sales (USD). People in the Ethereum space are getting annoyed because this influx of stupid cat transactions are bogging down the system, forcing an imminent rise on their transaction fees (“gas” in Ethereum terms). Many will look at this and think it is a sign of the weaknesses of the blockchain space, but this is actually the completion of one of Ethereum’s major milestones…

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